Hong Kong's Consumer Price Index (CPI) in June climbed to 5.6 percent from a year ago, higher than the 5.2 percent rise in May, mainly due to the enlarged increases in private housing rentals, as well as the charges for household services and the prices of pork, the city's statistics department said here on Thursday.
China's consumer prices will likely fall in the second half of the year, trimming growth of the consumer price index (CPI) to 4 percent by the year's end, the Bank of Communications said in a report Thursday.
US pork exports will jump 23 percent or more this year because of surging demand and prices in China, the world's top consumer, according to Brett Stuart, the co-founder of farm-industry researcher Global AgriTrends.
Private enterprises in Zhejiang province, especially small and mid-sized enterprises (SMEs), are speeding up their migration to listed status, said Ernst &Young (E&Y), a leading global tax and transaction service provider.
Hong Kong's liquefied petroleum gas (LPG) ceiling prices at LPG stations will range from 4.44 HK dollars (0.57 U.S. dollars) to 4.86 HK dollars per liter in August, down 25 to 26 cents per liter, the city's Electrical and Mechanical Services Department said here on Thursday.
Countries from India and Indonesia to Russia are tightening their grip on natural resources as they limit exports to build up domestic industry in a trend that will spawn many challenges to World Trade Organization (WTO) rules.
| Currencies | Buying Rate | Middle Rate |
|---|---|---|
| USD | 644.37 | 645.92 |
| EUR | 911.1 | 914.07 |
| GBP | 1037.3 | 1040.58 |
| JPY | 8.1275 | 8.1437 |
| HKD | 82.71 | 82.89 |
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